Tax System in Bangladesh
Abstract
This dissertation report highlights on our practical experience in different types and categories ‘Tax System’ especially Tax System of Bangladesh. During our working period, we tried to gather information from different sources like News Paper, web sites. But the NBR does not provide information in the web site directly and even it does not publish tax structure which is implemented in Bangladesh . So, we have taken much information about tax on the basis of our personal concept and view of Tax System of Bangladesh.
To complete this report, we have gained practical knowledge about various types of Tax System. For example, Tax System of Bangladesh, tax structure in Bangladesh , canon of taxation and implementation of the canon of tax in Tax System of Bangladesh. In this way, we have collected information regarding overall tax system in Bangladesh . As, tax is an important part of our country development. So, day by day, people are getting more conscious and informed about tax.
1.1. Origin of the report:
The taxation system in Bangladesh is based on the ability to pay theory and hence utilizes the progressive tax system. The revenue administrative body is the National Board of Revenue under the Ministry of Finance. The main responsibility of NBR is to collect domestic revenue for the government. However, revenue collection and management has been a perennial challenge for Bangladesh since its very inception. As a resource constraint nation coupled with limited capacity, we are confronted with persistent pressure to address that challenge. The implementation of an effective revenue system will involve the setting up of new organizational structures, the designing of new procedures and forms, writing of new instructions, arranging for the provision of better management information and statistics, etc. This gives the administration the opportunity to develop new skills and abilities which can subsequently be deployed. The report analyses the current
This dissertation report highlights on our practical experience in different types and categories ‘Tax System’ especially Tax System of Bangladesh. During our working period, we tried to gather information from different sources like News Paper, web sites. But the NBR does not provide information in the web site directly and even it does not publish tax structure which is implemented in Bangladesh . So, we have taken much information about tax on the basis of our personal concept and view of Tax System of Bangladesh.
To complete this report, we have gained practical knowledge about various types of Tax System. For example, Tax System of Bangladesh, tax structure in Bangladesh , canon of taxation and implementation of the canon of tax in Tax System of Bangladesh. In this way, we have collected information regarding overall tax system in Bangladesh . As, tax is an important part of our country development. So, day by day, people are getting more conscious and informed about tax.
1.1. Origin of the report:
The taxation system in Bangladesh is based on the ability to pay theory and hence utilizes the progressive tax system. The revenue administrative body is the National Board of Revenue under the Ministry of Finance. The main responsibility of NBR is to collect domestic revenue for the government. However, revenue collection and management has been a perennial challenge for Bangladesh since its very inception. As a resource constraint nation coupled with limited capacity, we are confronted with persistent pressure to address that challenge. The implementation of an effective revenue system will involve the setting up of new organizational structures, the designing of new procedures and forms, writing of new instructions, arranging for the provision of better management information and statistics, etc. This gives the administration the opportunity to develop new skills and abilities which can subsequently be deployed. The report analyses the current